Warner Bros. Discovery Announces Company Sale Amid Spinoff Plans

Warner Bros. Discovery (WBD) has officially announced it is reviewing strategic alternatives, including the potential sale of the entire company or parts of it, following unsolicited interest from multiple parties. This development comes as the company continues its planned separation into two distinct entities: Warner Bros. and Discovery Global, expected to complete by mid-2026. Notably, David Ellison’s Skydance, backed by Larry Ellison, has made a significant bid that was initially rejected, while other major players such as Comcast, Netflix, Apple, and Amazon are also reportedly interested. The board is considering various options to maximize shareholder value, including a full sale, spin-mergers, or continuing with the original split plan. WBD CEO David Zaslav emphasized the importance of unlocking the full value of its assets amid evolving media landscapes and the ongoing streaming wars. Industry analysts view this move as part of broader media consolidation trends, with potential implications for filmmakers, creatives, and the competitive dynamics among streaming giants.